This property looks like a bad Airbnb investment with a projected -20.8% first-year return on $189k initial cash invested.
-20.8%
Cash On Cash
1.5%
Cap Rate
0.25
DSCR
$3,882
Rent
-$3,282
Cashflow
Cash Flow
$3,882 income − $7,164 expenses = $3,282 out of pocket
Investment Breakdown
|
Purchase Price
$816k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,161
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,882
Total Expenses
$7,164
Mortgage P&I
107%
$4,146
Property Taxes
22%
$867
Home Insurance
7%
$289
HOA
0%
$0
Property Management
15%
$582
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$970